G-7 Seeks Boost in Oil Output
To Aid Global Economic Growth

By
Michael Schroeder and
Michael WilliamsStaff Reporters of The Wall Street Journal

Updated May 24, 2004 12:01 am ET

Finance ministers from the world's major industrial countries called on oil-producing nations to boost production or take other actions to ensure high energy prices don't persist so long that they slow global growth.

Underscoring the upward pressures on oil prices, Beijing's senior industry official said at the same time that China is constructing storage facilities to amass strategic petroleum reserves.